InfoSpace Buying TaxAct; Eyes More

infospace logoTaxAct, whose purchase by H&R Block was halted by the government, has a new prospective buyer. The bidder is InfoSpace, an online search company based in Bellevue, Wash., which has signed a definitive agreement to buy the tax preparation software company for $287.5 million in cash. Meanwhile, InfoSpace CEO William J. Ruckelshaus indicated interest in additional acquisitions in the space to consolidate the online tax market.

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